Articles |
07 December 2017

Q3 2017 GDP rises 0.9%

Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, and by 0.9% in Cyprus compared with the previous quarter, according to an estimate published by Eurostat recently.

In the second quarter of 2017, GDP grew by 0.7% in the EA19 and the EU28 and by 1.0% in Cyprus.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.6% in both the euro area and the EU28 in the third quarter of 2017, and by 3.9% in Cyprus.

Meanwhile data released on Thursday by Cyprus’ Statistical Service (Cystat) showed that inflation increased by an annual 0.3% in November, mainly due to price increases in housing, water, electricity, gas and other fuels.

November is the second consecutive month with a positive inflation rate.

The Consumer Price Index in November 2017 registered at 99.44 units compared to 99.34 units in the previous month.

In the January – November 2017 period, the CPI marked an increase of 0.6% compared with to the same period in 2016.

Transport and Education also helped in maintaining inflation on a positive track.